573 W 13Th Street, San Pedro, CA 90731 - Berkshire Hathaway HomeServices California Properties
573 W 13th Street San Pedro, CA 90731
$1,400,000 8 beds, 4 baths
3, 614 sqft

Agent Remarks

573 W 13th St presents a rare opportunity to acquire a fully vacant fourplex in the heart of San Pedro. With four spacious 2-bedroom, 1-bathroom units totaling 3,614 rentable square feet on a 6,749 SF lot, this property offers exceptional flexibility for investors, owner-users, or multi-generational families. Originally constructed in 1917, the building showcases timeless architectural charm while benefiting from significant capital improvements including updated plumbing, electrical, and roofing. These upgrades mitigate the typical concerns associated with older buildings, providing the charm of early Los Angeles architecture with the functionality of modern systems. Interiors maintain a cohesive blend of classic detail and smart layout, ideal for tenants or personal occupancy. Delivered completely vacant, the property allows immediate lease-up at market rates or through the Section 8 program, where comparable units in the area command up to $2,800/month. With projected monthly income between $10,000-$11,200 using Section 8 rents, this asset offers a compelling stabilized return in a supply-constrained rental market. Additionally, the expansive backyard provides potential for the addition of an ADU, offering a path for further value-add. Each unit holds a utility room complete with washer/dryer hookups. Recent updates include new paint throughout the entire property, drought-resistant landscaping, a tankless water heater, and a newer roof. The property also features four large storage units in the backyard that could be leased out for additional income. While there is no off-street parking, the property's walkability, access to public transit, and tenant profile in this submarket have historically made parking a minimal barrier to leasing velocity or tenant satisfaction. Whether you are looking to stabilize a high-yield income property or create a unique residential compound in a growing submarket, 573 W 13th St is a strategic acquisition with upside, character, and strong fundamentals.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25537405
List price is $1,400,000
Beds: 8
Baths: 4
Bath,Decorative,Dining Room,Kitchen,Living Room fireplaces
Built in 1917
3,614 sqft
2 stories
0.16 acres
Lot size: 0.1550
County: Los Angeles
Property style: Colonial
Zoning: LARD1.5
Parking description: Off Site,On Street
Lot description: Back Yard,Front Yard
Heating/cooling: Wall/Window Unit(s)
Heating description: Electric
MLS area: 185 - Plaza

Last Updated: 5/20/2025

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This listing belongs to the 185 - Plaza MLS area

The style of this listing is Colonial.
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Lat/Long: 33.732208, -118.289629.
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Listing Agent: John McCann
Lic#: 01234982
Office Name: Mission Viejo

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